The generalized least square estimators for correcting heteroskedasticity are called weighed least squares estimators.
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: The generalized least square estimators for correcting heteroskedasticity are called weighed least squares estimators.
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When the price of a movie ticket increases from $5 to $7, the quantity of tickets demanded decreases from 600 to 400 a day. What is the price elasticity of demand for movie tickets?
A) 0.83 B) 1.20 C) 1.00 D) 2.32
Movie theaters are able to offer discounts to senior citizens because:
a. the elderly deserve lower prices because of their contributions to society. b. senior citizens have the most inelastic demand. c. theaters can separate senior citizens from other customers, and it is easier to prevent resale. d. senior citizens cannot see the movie very well because of poor eyesight. e. senior citizens are frequent visitors to the movie theaters.
Which of the following is not an example of a Pareto improvement?
a. You buy a dozen oranges at a produce stand. b. Two children trade baseball cards. c. Your sister buys a new car. d. Two adults trade cars. e. A man is robbed at gunpoint.
Aggregate supply (AS) refers to:
a. the total quantity of inputs that firms will request and purchase. b. the total quantity of output that firms will produce and sell. c. the smallest quantity of output that firms will produce and destroy. d. the total quantity of inputs that firms will request and waste.